Dissolution

Many comparisons have been made between renting or owning. By most of the data, purchasing a home has a more positive affect on individuals and families. There are many financial benefits to purchasing a home. At $20.7 trillion, the primary residence accounted for almost one-third (30 percent) of all assets held by households in 2010 and 42% of the median home owner’s wealth. The reason people decide to move is not always financial and most times it has a lot to do with the communal benefits that come with settling into a neighborhood. On average every individual relocates between 11 to 12 times in their life. The National Association of Realtors (NAR) survey on the Social Benefits of Housing explained that “slightly more than half (51 percent) said they moved to a better neighborhood, or into cheaper housing. The second most popular reason sited was family-related at 26 percent. Thirdly, was work-related reasons (new job, lost job, easier commute)” and 15 percent indicated change of climate and health reasons for moving. Dissolution – Relocation due to transfer, loss, change of employment or quality of life upgrade. NAR’s report also examined the ownership of homes, but also the impact of stable housing on social outcomes when compared to renters. Moreover, the study reviewed existing studies to determine the relationship of homeownership and the effects of stable housing on the following outcome measures:

Parenting & educational achievement – research shows that children of homeowners have increased math and reading scores, lower dropout rates, higher graduation rates, less screen time (television & computer), decreases incidences of teenage pregnancy and were more likely to achieve education past high school. Higher lifetime annual incomes and access to economic and educational opportunities are also more prevalent. Homeowners’ children have fewer behavioral problems which reduces deviant behavior in later years.

Social stability – the study found that homeowners are required to take on greater responsibility such as home maintenance and acquiring financial skill to handle mortgage payments. These life management skills get passed onto children.

Health outcomes – homeowners report higher self-esteem and happiness than renters. Residential stability decreases the likelihood of crime, suicide, family disruption, juvenile delinquency and drug usage. Homeowners have a higher level of medical care and were in better health due to the ability to pay for medical bills by tapping into home equity. Greater access to credit in times of financial hardship puts less strain of familial relationships.

Civic participation – Homeowners are more apt to be involved in the political process, to vote in local, state and national elections, have higher membership in voluntary organizations, church attendance and have more opportunities to connect in social networks which increases employment rates.

Crime and domestic violence rates – Renters have higher mobility rates which is a contributing factor in increasing domestic violence rates of spouses. Homeowners are far less likely to become crime victims. Moreover, homeowners have more incentive to form and implement voluntary crime prevention programs to protect their home values.

In 9 years Desean Jackson has played for three different teams relocating each time from Philadelphia, Washington D.C and now Tampa Florida

Employments Effect on Moving Out and Staying In a Community

Relocation has a tremendous effect on the number of transactions in the market. Every year more than 45 million people relocate and approximately 6 percent of those move to another state. Pamela Smith, a moving industry professional, author and writer says that “About one third of the people who are moving would go to live in another neighborhood because it is more convenient for their job. In many organizations employees move repeatedly (Cooper & Makin, 1985) on average, every 5 to 7 years (Brett et al., 1990). Companies extend housing benefits, relocation bonuses and cost-of-living-adjustments to incentify employees to relocate. The military is another occupation where moving is inherent. Active duty military careers typically last two to six years. Jessica Dickler of CNN Money says, “Military families relocate 10 times more often than civilian families “due to their job. Industries such as professional sports and entertainment can relocate often due to salary caps, free agency and career length. The average career of a National Football League player is 3.3 years, National Basketball Association is 6.7 years and Major League Baseball is 5.6 years.

However, there are other groups that are more motivated to stay in their communities because of their job. Essential Services refers to a class of occupations that are a necessity for the maintenance, safety and preservation of a city, county or region. Employment affects these groups differently than the occupations above. First and foremost, this employment is local in nature so these jobs tend to keep employees in the same area for extended periods of time. These services are vital to communities so employment in these professions is more stable so the need to move is not affected by wild economic swings. Lastly, there is more job security in these positions an employment tends to be longer termed. Some of these professions include first responders police, firefighters and emergency medical service, teachers, administrators, social workers and healthcare specialists. There are also many grants and closing cost assistance programs that help these industries which encourages these professionals to purchase homes.

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ABOUT BLOG

This blog is used to discuss fundamentals for the 7D theory. The sole purpose of this program is create opportunities for much needed affordable housing and correction of code enforcement issues that create health hazards and invite crime. Moreover, neighborhood prices are strengthened when abandoned homes are revitalized and foreclosures are prevented. Lastly, the 7D Theory helps to create jobs and stimulate the local economies with millions of investment dollars.